Aerospace 3D printing is estimated to register US$ 2117.4 Mn by 2022. In accordance, to the 3D printing of parts is a new technology that has come up with the possibility to change the way enterprises build new products, including parts for defense and aerospace. This new manufacturing process is known as 3D printing or additive manufacturing. This innovation includes producing physical objects by printing one layer at any given moment, using special material deposition devices and computerized models. This present age Aerospace 3D printing equipment has developed in a short span of time and is equipped for delivering complex components among various kinds of materials which includes aluminum, titanium, steel, and distinctive assortment of plastics. Along these lines, in view of its potential, 3D printing is gaining significance in different manufacturing and fabricating sectors.

3D printing is an additive technology, which leads to reduction in accumulation of smaller series of parts and wastes products. Whereas, the traditional approach such as milling requires huge amount of energy to manufacture the product, thereby resulting in numerous wastes production. In addition, the current additive technology requires limited resources to develop parts and thus reduces the waste products as well as energy consumption. Hence, it shortens the time and simplifies the supply chain leading to rapid adoption in the aerospace industry.

Engine and Fuse Deposition Modeling Anticipated to be the Dominant Segments During the Period 2018-2026.

The development of light weight, CO2, fuel efficient complex components has fueled the rise in engine application among other material application segment and is also anticipated to continue the trend and grow further. Similarly, the fuse deposition modelling technique, which is widely used as a thermoplastic filament, dominates amongst other printer technology market segment.

Increase in Adoption of Lightweight Aircraft Components Anticipated to Drive the Market in North America

The North American region holds the largest market share for aerospace 3D printing among the other regions. The growth of the market in the North American region is ascribed to high adoption rate of 3D printing technology in the aerospace industry combined with growing monetary support from the government.

Global Aerospace 3D Printing Market is Fragmented with the Presence of Number of Global and Regional Players.

Some of the key players operating in the aerospace 3D market are Arcam AB, Concept Laser, Envisiontec GmbH, Wuhan Bihu and SLM Solution. The aerospace 3D printing market witnesses’ investments made by the companies in their research and developments works. During the year 2017, Aerojet Rocketdyne, subsidiary of Aerojet Rocketdyne Holdings, Inc., successfully tested their thrust chamber assembly which was manufactured by the additive process. The thrust chamber was built to integrate in the RL10 rocket engine and other propulsion systems. Such initiatives made by the companies in the industry has influenced the aerospace 3D printing market to grow.